Expanding national pub group, Amber Taverns acquire the Belmill hotel in North Lanarkshire
On behalf of Bozz Co Inns Limited, Christie & Co has successfully completed the sale of the Belmill Hotel to national pub group, Amber Taverns who are expanding their portfolio across the Scottish regions.
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The Belmill is primely situated in the Lanarkshire town of Bellshill, just ten miles from Glasgow city centre. The hotel, which received significant investment from previous owners, Bozz Co Ltd features 4 bedrooms, an open plan bar/restaurant and an adjacent function room. There is also an outside seating area and car park.
Frank Cogan, Director of Bozz Co Inns Ltd comments, “Myself and Martin are happy to be leaving the future of the Belmill in the hands of Amber Taverns, who are in a great position to cater for the up and coming demands of the customers in the town. Brian and his team at Christie & Co quickly identified the needs of Bozz Co Inns Ltd and paired us with Amber Taverns, enabling a constructive transition period with our purchaser.”
Brian Sheldon, Regional Director at Christie & Co who handled the sale, comments, “The sale of the Belmill Hotel further emphasises that established hospitality businesses priced accurately will sell in the current market. The sale comes very quickly off the back of four separate pub investment transactions, with the timescale from instruction to completion concluding three times faster than all other trading pub completions in 2023. All the pubs could be said to be within secondary locations across central Scotland, affirming investors current faith and strength in the Scottish pub investment market.”
Sam Frankland of Amber Taverns comments, “The Bellmill’s location was perfect for Amber Taverns and following a refurbishment, we will re-open this autumn. The Bellmill extends our geography in Scotland and when opened, it will be our seventh trading pub, with another four progressing through planning and due to open in 2024. We hope to further expand in Scotland over the next few years given the warm reception our pubs have received from their local communities.”
For further information on this press release, contact:
Bronte Hughes, Corporate Communications Manager
P: 020 7227 0794 or E: bronte.hughes@christie.com
Contact the agent:
Brian Sheldon, Regional Director - Hospitality Scotland
M: 07764 241 315 or E: brian.sheldon@christie.com
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